OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

[emunney]

I think there's a natural part of this, and that's that critical information was shared indicating a company people liked was going to be shorted out of existence, so a big cash infusion from the general public not only prevented that but also put a ferocious not-soon-to-be-forgotten check on one particular actor and perhaps the broader practice.

Wonder what happens next: nothing, or something regulatory with a pro-retail or pro-hedge fund valence?

Have to admit if it's nothing, I'm very curious to see if anyone else gets careless enough to poke their head under the guillotine.

[jschligs]

It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.

This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.

As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

To be clear, this decision was not made on the direction of any market maker we route to or other market participants.
The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds.

We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.

We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team

"Hey, we ****ed you, but we're sorry. Stay with us?"

As soon as I can close my positions on RH I'm out.

[ReasonablySober]

I think there's a natural part of this, and that's that critical information was shared indicating a company people liked was going to be shorted out of existence, so a big cash infusion from the general public not only prevented that but also put a ferocious not-soon-to-be-forgotten check on one particular actor and perhaps the broader practice.

Wonder what happens next: nothing, or something regulatory with a pro-retail or pro-hedge fund valence?

Have to admit if it's nothing, I'm very curious to see if anyone else gets careless enough to poke their head under the guillotine.

Almost nobody likes Gamestop. That's a weird angle some MSM folk are using to explain what's going on. It's not at all true.

[Thunder Muscle]

Was KOSS randomly picked by this movement or was it tied to gaming since they sell headphones? I find it really random they were part of this. Crazy day.

I'm kicking around getting out of Robinhood but I'm a small fish and just looking to have fun trading stocks, so not sure want to pull everything to create account elsewhere. We'll see.

[jschligs]

Was KOSS randomly picked by this movement or was it tied to gaming since they sell headphones? I find it really random they were part of this. Crazy day.

I'm kicking around getting out of Robinhood but I'm a small fish and just looking to have fun trading stocks, so not sure want to pull everything to create account elsewhere. We'll see.

They were being shorted as well IIRC.

[M-C-G]

Was KOSS randomly picked by this movement or was it tied to gaming since they sell headphones? I find it really random they were part of this. Crazy day.

I'm kicking around getting out of Robinhood but I'm a small fish and just looking to have fun trading stocks, so not sure want to pull everything to create account elsewhere. We'll see.

As far as I can tell, and this is just me digging around a bit, when people caught wind of this short squeeze, a number of different stocks with large short positions started to emerge. I'd almost guess that either a bunch of retail investor money went into trying to find 'the next GME' or, maybe even some of the institutions tried to create a run on other stocks to get people to sell out of GME and reinvest in the next one.

So far for all my lurking on WSB, I haven't really seen mention of Koss.

[emunney]

I think there's a natural part of this, and that's that critical information was shared indicating a company people liked was going to be shorted out of existence, so a big cash infusion from the general public not only prevented that but also put a ferocious not-soon-to-be-forgotten check on one particular actor and perhaps the broader practice.

Wonder what happens next: nothing, or something regulatory with a pro-retail or pro-hedge fund valence?

Have to admit if it's nothing, I'm very curious to see if anyone else gets careless enough to poke their head under the guillotine.

Almost nobody likes Gamestop. That's a weird angle some MSM folk are using to explain what's going on. It's not at all true.

I like gamestop. They always give me a fair deal on my trade ins. I take in 50 old games, and I leave with enough money to wash my car. It's great.

[humanrefutation]

Sounds like Robinhood got spooked by the litigation and congressional saber-rattling.

[jschligs]

I suspect every single locked stock from today to bust out of the gates tomorrow at open.

[BUCKnation]

I'm moving out of Robinhood and getting an account elsewhere like Fidelity after this settles. I also filed complaints through the SEC and FINRA.

[BucksFanSD]

Got an email today from my brokerage, Charles Schwab. They mentioned "we are in the midst of an unprecedented week in investing." What did I miss?

[ReasonablySober]

Congrats to those on $DOGE.

[Gianstoppable]

Congrats to those on $DOGE.

Had Doge as a joke a while ago, bought back in last night at .009 my app was having a ton of issues crashing so I set a sell limit at 2 cents because I figured it was a pump n dump, immediately after I go back to remove it and after it took the rejection it crashed. Went back on, did it again and crashed. Logged back on everything looked good, still under 2 cents. Went back to look an hour ago and the limit sell went through and I'm out about 10k because of it. Boo lol

[neiLz]

Pissed about doge as well. Couldn't get in to buy it at 2 cents. Still can't get in fml.

[ReasonablySober]

Congrats to those on $DOGE.

Had Doge as a joke a while ago, bought back in last night at .009 my app was having a ton of issues crashing so I set a sell limit at 2 cents because I figured it was a pump n dump, immediately after I go back to remove it and after it took the rejection it crashed. Went back on, did it again and crashed. Logged back on everything looked good, still under 2 cents. Went back to look an hour ago and the limit sell went through and I'm out about 10k because of it. Boo lol

I put my spillage money from NAKD into it tonight around $0.55 and I've just been watching it in weird fascination for the last hour.

[jschligs]

I was able to get in around $.047 for DOGE just because it sounded fun. Zero reason, and I'm up 50% in minutes.

[ejn1214]

This is hilarious. They were trying to sound legitimate with gme saying it wasn't market manipulation. Well throw that argument out of the window by pumping a useless crypto meme that was popular years ago. They got caught and then they move to something unregulated and start a pump and dump/ pyramid scheme. Reading the logic about holding doge and making it legitimate so everyone is rich is hilarious. I'm not sure if these people are truly that naive or if they are trying to trick others. I'm guessing there is both going on. It's similar to the justicification to not sell gme to screw shorts. I have no teeth in the game but if I did, I'm not gonna lose 4,5,6 figures to make a point. I was pissed for them today and now I don't know what I think. Investing in Dogecoin isn't going to screw any big money or villain. Its eventually gonna screw random people that invested. How can you legitimize a joke digital coin? Everyone is looking for a get rich quick scheme now and younger people are going into veiled pyramid schemes. People were trying to find the next GME in the stock market and picking stocks that had vastly different situations. This is all pretty crazy. I'll sit on the sidelines.

[WeekapaugGroove]

FOMO and lockdown boredom are a hell of a cocktail.

Sent from my SM-G986U using RealGM mobile app

[ejn1214]

FOMO and lockdown boredom are a hell of a cocktail.

Sent from my SM-G986U using RealGM mobile app

Not gonna lie, at the beginning without sports, my itch to gamble led me to the stock market. I even tried options and scared the crap out of myself. A legitimate investment I got into was CELH around $5 messing around and got out around 25 when sports came back, and I could play dfs again. I think it's around 60 now. I have browsed wall street bets for a a year or so now just for fun but not partaking in anything suggested there. I think I saw GME talk around $30, but I just couldn't put money in meme/straight gambling without logic. I was kicking myself a bit, but I like to gamble when I feel I have a little edge, not just randomly on wsb intel that doesn't work 95 percent of the time in the past.

[ReasonablySober]

Congrats to those on $DOGE.

WOOF.